Plan Snapshot
- Plan Sponsor: Space Coast Credit Union
- Sponsor EIN: 590746906
- Sponsor Address: 8045 N WICKHAM RD, MELBOURNE, FL, 32940
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,138
- Total Assets: $75.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,138 | $75.4M | $3.2M | $4.3M |
| 2023 | 1,053 | $62.5M | $2.6M | $3.7M |
| 2022 | 1,003 | $49.7M | $2.3M | $3.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $74 | $29,734 | $29,808 |
| EPIC RETIREMENT PLAN SERVICES | Recordkeeper | $28,351 | — | $28,351 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Recordkeeper
- EPIC RETIREMENT PLAN SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,159
- Estimated Expense Ratio: 0.077% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $28,351 | — | — | — | — |
| 2023 | $28,119 | — | — | — | — |
| 2022 | $35,801 | — | — | — | — |